Phil Wahba

Phil Wahba

Phil Wahba joined Reuters in 2008 and has covered the exchanges, equity capital markets (IPOs), corporate bankruptcies and now covers retailers such as department stores and booksellers

How Staples Plans to Come Back After U.S. Killed Office Depot Merger
Staples

How Staples Plans to Come Back After U.S. Killed Office Depot Merger

The office supplies giant is going after smaller companies.
Target to Allow Transgender People to Use Bathroom of Their Choice
Target

Target to Allow Transgender People to Use Bathroom of Their Choice

The retailer says that it stands for inclusivity and equality.
Staples to Turn Parts of Some Stores Into Office Space
Staples

Staples to Turn Parts of Some Stores Into Office Space

The move is just the latest by a big box retailer looking to find new uses for store space at a time more shopping is moving online.
Chipotle's CEOs Take Massive Paycut Due to E. Coli Crisis
CEO Pay

Chipotle's CEOs Take Massive Paycut Due to E. Coli Crisis

They still received nearly $14 million each.
Starbucks' New Prepaid Card Lets Customers Earn Awards Anywhere
Starbucks

Starbucks' New Prepaid Card Lets Customers Earn Awards Anywhere

The prepaid card will be available later this year and usable at any retail locations that accept Visa.
Staples and Office Depot: U.S. Government 'Simply Wrong' for Trying to Block Merger
Mergers and Acquisitions

Staples and Office Depot: U.S. Government 'Simply Wrong' for Trying to Block Merger

More than a year ago, Staples offered to buy Office Depot in a transaction then valued at about $5.5 billion, pressured by declining sales in the office supplies sector and the rise of rivals.
Why the Owner of Saks Fifth Avenue Is Buying Gilt
Acquisitions

Why the Owner of Saks Fifth Avenue Is Buying Gilt

The acquisition is principally aimed at turning the discount Saks Off Fifth chain into an ecommerce powerhouse.
New E. Coli Outbreak Linked to Chipotle
Chipotle

New E. Coli Outbreak Linked to Chipotle

The burrito chain just can't catch a break.
As Amazon Prime Becomes More Popular, the Threat to Walmart, Target Grows
Amazon

As Amazon Prime Becomes More Popular, the Threat to Walmart, Target Grows

The service currently has almost 41 million members, according to a new survey.
American Apparel Files for Bankruptcy
Bankruptcy

American Apparel Files for Bankruptcy

The company has been trying to rebound since the ousting of its founder and former CEO Dov Charney.
American Apparel Issues Dire Warning to Shareholders
American Apparel

American Apparel Issues Dire Warning to Shareholders

The embattled retailer warned investors could face 'substantial or total losses' of their investments.
Starbucks Denies Reports Its Mobile App Was Hacked
Hackers

Starbucks Denies Reports Its Mobile App Was Hacked

The coffee chain denied reports that said cyber-criminals had used its mobile payments app to siphon money from its customers.
Big Brands Form Mega Customer Loyalty Program
Customer Experience

Big Brands Form Mega Customer Loyalty Program

With participants including Macy's, Rite Aid and more, the coalition could shake up traditional rewards programs in the U.S.
Can Target's New CEO Re-Energize the Big Retailer?
Leadership

Can Target's New CEO Re-Energize the Big Retailer?

A detailed look at Brian Cornell's new approach to a process-heavy company.
UPS Slammed By a Different Holiday Season Mess-Up
Shipping

UPS Slammed By a Different Holiday Season Mess-Up

The shipping company cuts its profit forecast, blaming the cost of extra measures it took to ensure deliveries were on time during the 2014 holiday season, and hinted it would start charging retailers more.